Job Description

Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue of approximately $40 billion. Ranked #92 on the 2022 Fortune 500 list and and the largest investment in R&D in the industry, our mission is to enable our customers to make the world healthier, cleaner and safer. An opportunity exists for a temporary Accounting Supervisor position in our Mississauga location.

Summary:

Reporting to the Site Controller for Canada, this Accounting Supervisor is to support the finance leaders of two sites in by performing a combination of Financial Accounting and Management Reporting activities including having responsibility over the month end financial close and reporting cycle.

Essential Functions:

• Prepares / reviews select month-end tasks, journal entries, balance sheet account reconciliations and financial reporting deliverables to Corporate that is shared amongst the Canada Controllership team as well as perform cost or accounting analysis as needed.
• Reviews\xe2\x80\x99 intercompany charges from Corporate and other Thermo Fisher entities to validate accuracy, GL coding and the appropriate cost allocation between the various profit centers.
• Supervises the Billing Clerk by providing leadership, coaching, and development and addressing obstacles.
• Acts as a key business partner for the Accounts Payable (AP) and Accounts Receivable (AR) shared services teams by troubleshooting, removing barriers and acting as the escalation point of contact.
• Leads the Fixed Asset cycle which includes collaborating with the Engineering team to ensure the timely close-out and recording of Assets under Construction (AUC) and related monthly spend vs. budget reporting, as well as performing impairment reviews and ensuring the proper set-up / recording of approved capital asset requisitions.
• Partners with the Financial Planning & Analysis team to investigate and provide insights on monthly variances between actuals and budgeted/forecasted amounts for various cost centers.
• Ensures continued compliance with accounting policies and internal controls and seeks opportunities for improvement.
• Provides support with internal and external audit requests, including tax-related matters.
• Analyzes, engages, drives insights and makes recommendations to improve process efficiency and potentially deliver savings to the Profit and Loss statement (P&L).
• Drives Financial Operational Excellence / Continuous Improvement projects by leading or being a motivator of change as needed.

Accounts Payable

• Reviews and resolves vendor invoice related issues as well as monitors aged payables to prompt timely resolution and improve Paid on Time metrics.
• Presents AP metrics to the Senior Leadership Team (SLT) on a monthly basis while recommending action steps to remediate issues.
• Acts as Catalyst Super User (web-based invoice management system) and provides training and support to Canadian employees as required.

Accounts Receivable

• Reviews the quarterly bad debt reserve for Canada calculated by Corporate and solicits recommendations for any specific reserves as needed from the Commercial Finance team.
• Handles the credit and rebill process (including the approval of credit memos and manual invoice requests) and monitors Right First Time (RFT) billing to keep the SLT at both sites informed of the trending of errors and recommending operational improvements.
• Ensures any identified client billing backlog is appropriately investigated and actioned by the Business Management / Project Management team on a timely basis.

Required qualifications

Education: Bachelors\xe2\x80\x99 Degree in Accounting or Finance designation Experience: Minimum of 5 years accounting experience required Previous experience in a manufacturing environment Previous experience with the AP cycle is preferred

Equivalency:

Equivalent combinations of education, training, and relevant work experience may be considered.

Knowledge, Skills and Abilities:

Ability to prioritize multiple projects, work in a fast-paced environment and meet tight deadlines. Knowledge of Systems: Experience with SAP. Strong written and verbal communication skills. Strong customer focus and drive for results with strong problem-solving abilities. Capable of setting clear priorities, organizing work, and making quality decisions. Demonstrated computer proficiency with Microsoft Office programs. Proficiency with the English Language.

Standards and Expectations:

Follow all Environmental Health & Safety Policies and Procedures. Work collaboratively with fellow team members, modelling positive team principles and partnering to meet project and departmental objectives. Carry out all duties within strict compliance to Patheon quality systems SOP\'s and Good Manufacturing Practice (GMP). Maintain workspace in a clean and orderly fashion. Actively engage in and adhere to departmental systems in order to maintain a smooth and efficient workflow (visual management, scheduling systems, etc.). Be client and patient conscious at all times. Understand Key Performance Indicators and strive to improve the performance of the team by identifying areas for system improvements and engage in problem solving. Models positive thinking and is open to change, motivating the team to adapt to shifts in priorities and new ways of working. Proactively identify areas for improvement in the execution of procedures. Communicate risks to timelines in a proactive manner. Consistently strives to improve skills and knowledge in related field.